Domestic Cotton Prices Are "Flagging" And Sluggish.

Domestic cotton prices showed a weakening trend. At present, the price of 3128B grade lint is 15240-15445 yuan / ton, up 3.26% from the beginning of the month.

On the same day, Zheng cotton 1701 contract fell, closing at 14780 yuan / ton in October 24th, down 2.12% from the beginning of the month settlement price of 15100 yuan / ton.

In October 21st, due to the strength of the US dollar and the high yield of the US, the ICE cotton fell by about 1%, falling for the fourth consecutive day, and the cotton in December hit a low of 68.61 cents per pound.

There was a slight decline in seed cotton in the near future.

Prices are stagnant and there are signs of decline. Zheng cotton is the first to bear the brunt of the downturn. The market trend is unknown, and market wait-and-see status is strong.

The downstream cotton yarn market is down by the price of seed cotton. The downstream has a strong resistance to the rising price of cotton yarn, and the price shows a downward trend. According to the price monitoring of the business community, the price of 21S high quality knitted pure cotton yarn in October 24th was 22200-23500 yuan / ton, up 2.14% from the beginning of the month, and the cotton yarn market has been warmer.

Because new cotton is rising too fast, too much, and a large number of existing markets.

A larger gap has been opened up. Prices have approached or exceeded the customs clearance of spot cotton, cotton and cotton.

At the same time, Zha Hua factory is under financial pressure, and some of the price cuts back to the capital, resulting in a steady weakening of cotton prices.

Speaking from the basic aspect, although the overall situation of domestic cotton production reduction has been set, the recent ICE cotton fell significantly, and the gap between domestic and foreign cotton prices was bigger, causing domestic worries about the future market.

Generally speaking, short term domestic cotton market trend is not yet clear, but the market supply and demand is stable.

Pakistan's domestic market demand recovered, cotton yarn prices rebounded, 20S

Compared with last week, it rose by 20 rupees / kg, and 80S combed yarn increased by 50 rupees / kg.

Faisal Bud blended yarn and pure cotton combed yarn in the yarn market are booming.

On the export market, the price of cotton yarn in Pakistan did not increase with domestic prices, mainly after the national day.

And because of the depreciation of China's RMB, the Chinese market requires RMB settlement.

It is reported that Shanghai yarn exhibition Pakistan cotton yarn has been doing well. It is expected that Pakistan's exports to China will increase in the next few weeks.

Last week, Hongkong and South Korea increased orders for 16S coarse yarn and 30S and 32S combed yarn.

The price of polyester, polyester and cotton blended yarn remains unchanged, and the price of 30S blended yarn is strong.

It is predicted that cotton production in Pakistan will still not meet the demand of textile enterprises this year. Coupled with the surge in cotton demand in Pakistan recently, textile enterprises will start to replenish their inventory.